We are live on ! Find out more
SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+5.02%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$12.4B
AUM Growth
-$886M
Cap. Flow
-$1.43B
Cap. Flow %
-11.61%
Top 10 Hldgs %
23.49%
Holding
969
New
21
Increased
50
Reduced
850
Closed
25

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$128M
2
ALLY icon
Ally Financial
ALLY
+$52.1M
3
MCHP icon
Microchip Technology
MCHP
+$29.8M
4
DGX icon
Quest Diagnostics
DGX
+$28.6M
5
CVS icon
CVS Health
CVS
+$26.6M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$200M
2
AAPL icon
Apple
AAPL
+$187M
3
WTW icon
Willis Towers Watson
WTW
+$147M
4
GILD icon
Gilead Sciences
GILD
+$84.4M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$60.2M

Sector Composition

Rank Sector Weight
1 Financials 19.42%
2 Technology 14.12%
3 Healthcare 14.08%
4 Communication Services 10.65%
5 Industrials 8.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMN icon
376
Eastman Chemical
EMN
$8.42B
$3.98M 0.03%
43,970
-4,000
-8% -$341K
MSCI icon
377
MSCI
MSCI
$40.9B
$3.96M 0.03%
33,900
-3,400
-9% -$377K
CMS icon
378
CMS Energy
CMS
$22.3B
$3.96M 0.03%
85,535
-6,600
-7% -$311K
DOC icon
379
Healthpeak Properties
DOC
$14.8B
$3.96M 0.03%
142,267
-11,700
-8% -$352K
FTI icon
380
TechnipFMC
FTI
$27.3B
$3.95M 0.03%
190,168
-16,262
-8% -$326K
HSIC icon
381
Henry Schein
HSIC
$9.82B
$3.95M 0.03%
61,384
-5,100
-8% -$348K
GGP
382
DELISTED
GGP Inc.
GGP
$3.95M 0.03%
190,012
-1,400
-0.7% -$30.6K
MLM icon
383
Martin Marietta Materials
MLM
$33B
$3.94M 0.03%
19,112
-1,500
-7% -$317K
VRSK icon
384
Verisk Analytics
VRSK
$25B
$3.92M 0.03%
47,116
-3,400
-7% -$282K
EFX icon
385
Equifax
EFX
$21.4B
$3.87M 0.03%
36,546
-12,300
-25% -$1.63M
HII icon
386
Huntington Ingalls Industries
HII
$12.8B
$3.86M 0.03%
17,034
-1,900
-10% -$396K
HES
387
DELISTED
Hess
HES
$3.85M 0.03%
82,005
-6,800
-8% -$288K
CNP icon
388
CenterPoint Energy
CNP
$26.8B
$3.82M 0.03%
130,762
-10,900
-8% -$315K
MAS icon
389
Masco
MAS
$15.3B
$3.77M 0.03%
96,704
-8,400
-8% -$317K
CTRA
390
DELISTED
Coterra Energy
CTRA
$3.75M 0.03%
140,332
-12,700
-8% -$323K
DISH
391
DELISTED
DISH Network Corp.
DISH
$3.75M 0.03%
69,100
-5,700
-8% -$337K
TRMB icon
392
Trimble
TRMB
$13.9B
$3.74M 0.03%
95,200
-9,000
-9% -$342K
TDG icon
393
TransDigm Group
TDG
$67.7B
$3.73M 0.03%
14,604
-1,500
-9% -$406K
CTAS icon
394
Cintas
CTAS
$81.3B
$3.73M 0.03%
103,468
-10,000
-9% -$333K
SIVB
395
DELISTED
SVB Financial Group
SIVB
$3.7M 0.03%
19,800
-1,800
-8% -$317K
MKC icon
396
McCormick & Company Non-Voting
MKC
$14.2B
$3.7M 0.03%
72,136
-2,200
-3% -$106K
MAA icon
397
Mid-America Apartment Communities
MAA
$15.7B
$3.69M 0.03%
34,501
-2,800
-8% -$294K
CBOE icon
398
Cboe Global Markets
CBOE
$29.9B
$3.68M 0.03%
34,200
+4,000
+13% +$394K
SNPS icon
399
Synopsys
SNPS
$79.7B
$3.67M 0.03%
45,600
-3,800
-8% -$295K
CHD icon
400
Church & Dwight Co
CHD
$24.5B
$3.67M 0.03%
75,724
-6,200
-8% -$315K
14 15
16
17 18

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q3 2017 Portfolio in Review

As of Q3 2017, State of Michigan Retirement System held 969 positions worth $12.4B, down 6.7% from $13.2B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

State of Michigan Retirement System withdrew a net $1.43B in Q3 2017, closing 25 positions and reducing 850 holdings. Its most notable exit was Reynolds American Inc, an estimated $36.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, down from 21% a quarter earlier, followed by Technology and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in British American Tobacco worth $24.6M.

  • State of Michigan Retirement System's largest Q3 2017 buy was British American Tobacco: 393,715 shares worth $24.6M.
  • State of Michigan Retirement System added most to AGNC Investment in Q3 2017, an estimated $128M increase.
  • State of Michigan Retirement System's biggest Q3 2017 reduction was JPMorgan Chase, cutting an estimated $200M.
  • State of Michigan Retirement System fully exited Reynolds American Inc in Q3 2017, selling an estimated $36.2M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.4B portfolio in Q3 2017.
  • State of Michigan Retirement System opened 21 new positions and closed 25 in Q3 2017.
  • State of Michigan Retirement System's portfolio value fell 6.7% quarter-over-quarter to $12.4B.

Based on State of Michigan Retirement System's 13F filing for Q3 2017, filed 19 Oct 2017.